Lakeland start-up helps sell cooking and motor oil online

Brian Davis, the co-founder of the company, told the Lakeland Ledger that his company serves as the ‘middle man’ linking the sellers and buyers. The company is similar to “StubHub or eBay for used oil,” he said. Explaining who uses the used oil, Davis told the Ledger that cooking oil is recycled for alternative fuel biodiesel and motor oil is used for asphalt, bunker fuel for ships and raw materials sought by refiners and petrochemical companies.

The company’s website staygreenoil.com does not require a membership, and allows interested groups to auction products publicly or through direct proposals the Ledger said. The site takes a 10 percent or less cut of each transaction it completes.Additional services the company provides include: handling payments, data analysis and forecasting and tracking tools the Ledger said.